MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYD) Shares Gap Up – Here’s What Happened

MicroSectors Travel -3x Inverse Leveraged ETN (NYSEARCA:FLYDGet Free Report)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $13.10, but opened at $13.58. MicroSectors Travel -3x Inverse Leveraged ETN shares last traded at $13.75, with a volume of 715 shares traded.

MicroSectors Travel -3x Inverse Leveraged ETN Price Performance

The company has a 50 day simple moving average of $14.66 and a 200-day simple moving average of $21.20. The firm has a market cap of $9.93 billion, a PE ratio of 39.78 and a beta of -4.09.

About MicroSectors Travel -3x Inverse Leveraged ETN

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The MicroSectors Travel -3x Inverse Leveraged ETN (FLYD) is an exchange-traded fund that is based on the MerQube MicroSectors U.S. Travel index. The fund tracks -3x the daily price movements of a liquidity-weighted index of US-listed travel-related companies. FLYD was launched on Jun 24, 2022 and is issued by REX Microsectors.

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